what people aren't understanding about -N is you'll make coins slower, using more electricity.
For this coin to be worth the effort they will need to raise drastically in price to be worth mining.
for that simple fact, i'm pulling out as an IPO unless they change that. I signed up as IPO because it was script. wouldn't have ever gave any btc otherwise!
with scrypt i can make two times the profit and by a card quicker than i could with any coin that's -N
Please educate yourself on the interplay between block target time and difficulty before making such profoundly false statements.
>>what people aren't understanding about -N is you'll make coins slower, using more electricity<<
No. If there are X coins per block with Y as the target block time, then difficulty N will adjust so that Y is maintained. Therefore it doesn't matter if the algo results in hash rates 1/2 of Scrypt (Adaptive-N) or many time times faster (e.g. Keccak) the same number of coins will be generated per day and the same hardware will receive the same number of coins.
>>with scrypt i can make two times the profit and by a card quicker than i could with any coin that's -N<<
No. If your hash rate with a card is, for example, 700KH/s Scrypt and 350KH/s Adaptive-N then everybody else's hash rate is reduced proportionally too. Therefore your proportion of the total network hash rate, and thus your proportion of the total generated coins, is the same.
Following your logic, my 7950s that generate 680KH/s Scrypt should be approximately 3x more profitable when mining DRK as each card gets 2MH/s on that algo. Alas no.